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Eastern Europe

Bankruptcy rate at record high

A survey by Creditreform-Interinfo, shows that the rate of bankruptcy, including liquidation procedures called by creditors, was about (more…)

Factoring turnover doubles in two years

Over the past two years, the turnover of factoring went up 2.1 times, from LTL 2.672 bn in 2003 to…


Josef Tauber, of the Czech Export Bank, on changes...

Josef Tauber, General director, Czech Export Bank commented on the impact of the expected changes... (more…)


Italian factoring specialist enters agreement on Polish acquisition

The transaction, which furthers the Italian factor's strategy of developing a factoring network in Europe and beyond, will cost it…

#acquisition#Banca IFIS#Italian factoring


Factoring CS keeps top spot

Factoring Ceske Sporitelny retains its number one position among the factoring companies in the Czech Republic. Turnover increased to (more…)


New President for Slovak Factoring Association

The presidency of the Slovak Factoring Association (ASF) has passed from VUB Factoring to (more…)


ING closes Handlowy-Heller acquisition

Dutch financial services group ING Groep NV said on Thursday that it had completed its acquisition of Handlowy-Heller (more…)

#bank#commercial finance#financial services


State backs Banca Comerciala Romana takeover

The Prime Minister met the general manager of Austrian Erste Bank to discuss the final stages of Banca Comerciala Romana…


Nord/LB announces plan to enter factoring market

 We are mostly interested in small- and medium-sized companies, said Jaroslaw Dabrowski, the bank's CEO. We want to expand our…


Euler Hermes' Hungary units see profits down

The Hungarian subsidiaries of Euler Hermes, a provider of credit insurance and manager of trade receivables, achieved consolidated after-tax profit…

#Atradius#exports#management


Bill on export insurance with state subsidy signed

The Senate returned the bill, which will enable the sale of the subsidiary of the export guarantee and insurance company…

#Bill#Commercial Credit#exports


Non-bank factors regulated by emergency ordinance

The activity of non-banking financial institutions (IFN), including factoring companies, will be regulated through emergency ordinance and not by law…

#bank#bonds#guarantees

New CEO at NLB Factor

The new chief executive officer and agent of NLB Factor was appointed at the end of 2005 having previously headed…

#bank#international#management

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